Fair Student Funding Overview

Budget Overview

School year 2011-2012 allocations will reflect the following adjustments from school year 2010-2011:

Some of the academic intervention and special education needs weights in the FSF
Formula will be modified. To preserve stability, however, impacts of these changes
are subject to the maximum FY11 base budget changes outlined below.

Federal stimulus funding will no longer be available in 2011-2012 but new City tax
levy Restoration funding will backfill this loss.

Schools with high current allocations of FSF and federal stimulus funds relative
to the new FSF formula (above 90.32%) will lose a maximum of 1.5% of their FY 11
base budgets.

Schools below 82.7% of the new formula will receive additional funding, above their
current allocations of FSF and federal stimulus. No school will gain more than 10%
of its FY11 base budget.

Children's First Operating Funds will be re-deployed through FSF.

The increase in the citywide average teacher salary from FY 11 to FY 12 is incorporated
as a lift of $25.59 per weighted student to the Fair Student Funding per capita.

A 3.26% cut is applied to schools' FY12 Base Budget to distribute a total $178m reduction in revenues to the DOE.